– Important Notices Deposit Account Agreement

Transcription

Deposit Account Agreement – Important Notices
The following disclosures are part of your Deposit Account Agreement and contain
additional information about the fees and features of your account.
Except for the terms, fees or account features included here, all other terms and conditions of your
Deposit Account Agreement still apply.
Deposit Account Agreement – General Account Terms
B. Checks, Withdrawals, and Other Charges
13. Stop Payments
Replace the second bullet of “Stop Payments” with the following:

Be effective for one year and then automatically renewable
annually for 6 additional years. We will list scheduled renewals on your
business account statement 60 to 90 days in advance. The stop
payment will be renewed, and you will be charged a Stop Payment
Renewal fee, unless you notify us not to renew by following the
instructions in the statement.
E. Statements, Notice of Errors, and Other Notices
3. Options for receiving checks
Replace the third paragraph of “Options for receiving checks”
with the following:
You agree that when we keep a copy of the check we have made
the check available to you, even if we do not send originals or images
with the statement. If we do not return your paid checks, we may
destroy original checks after a reasonable period of time we determine.
If for any reason we can’t return a copy of your check or satisfy your
needs in another way, you agree that we will not be liable for more
than the face amount of the check.
F. Forms of Account Ownership
3. Linked accounts
Replace the first paragraph of “Linked accounts” with the
following:
We will let you, at our discretion, link many of the other accounts
you have with us or our affiliates to your checking account to help you
avoid some fees and get relationship interest rates. However, deposit
accounts opened with Private Bank and Private Wealth Management
cannot be linked to your account to help avoid fees and get
relationship interest rates. An account may only be linked to one
checking account. Refer to your product information to determine what
accounts are eligible to be linked, any additional requirements, and
what the benefits are from linking accounts.
I. Other Legal Terms
3. Restricting your account; blocking or delaying transactions
Replace the last two paragraphs of the “Restricting your account;
blocking or delaying transactions” section with the following:
We also may limit cash deposits to or withdrawals from your
account (or all of your accounts collectively) in a single transaction or
total withdrawals or deposits during any period of time, or who may
make deposits, in order to reduce risk and/or enhance our efforts to
comply with applicable law.
We will have no liability for any action we take under this section.
18. Our responsibility to obtain personal information
Replace the last paragraph of “Our responsibility to obtain
personal information” with the following:
Our policies may require additional information about you or any
person associated with you or with the account when or after you open
the account to assure that we comply with “Know Your Customer”
requirements. We may restrict or close your account if we are unable
to obtain information in order to satisfy our “Know Your Customer”
requirements. By opening an account with us, you confirm that neither
you nor any beneficial owner of any account is covered by any
sanctions programs administered or enforced by the U.S. Department
of the Treasury, Office of Foreign Asset Control.
All States
© 2014 JPMorgan Chase Bank, N.A., Member FDIC
Deposit Account Agreement – Funds Availability Policy
General Policy
Replace the first section of the “General Policy” with the
following:
For all accounts other than Chase Analysis Business Checking
(with or without Interest): Wire transfers, electronic direct deposits, and
cash deposits will be available on the day we receive your deposit.
Except as described later in this policy, when you make other deposits,
the funds are available on the first business day after the day we
receive your deposit. Available funds may be withdrawn in cash or
used to pay checks and other items.
Starting August 8, 2014, the following terms will apply to your
Deposit Account Agreement:
Deposit Account Agreement – Electronic Funds Transfer Service
Terms
C. Limitations on Transfers, Amounts, and Frequency of
Transactions
Replace the fourth bullet of “Limitations on Transfers, Amounts,
and Frequency of Transactions” with the following:

When you use an Express Banking kiosk located inside a branch
during the branch’s posted operating hours, your daily dollar limit for
withdrawals is $3000, which is in addition to your ATM daily dollar limit
for withdrawals (separate daily limits do not apply to Privileges and
Associates cards). When you make a withdrawal from an Express
Banking kiosk at any other time, the amount is included in your ATM
daily dollar limit for withdrawals.
Starting September 1, 2014, the following terms will apply to your
Deposit Account Agreement – Funds Availability Policy
Special Rules for New Accounts
Replace the “Special Rules for New Accounts” section with the
following:
If you are a new account customer, the following special rules
may apply during the first 30 days your account is open:

Funds from deposits of the first $5,000 of a day’s total deposits of
cashier’s, certified, teller’s, traveler’s, and federal, state, and local
government checks will be available on the first business day after the
day of your deposit if the deposit meets certain conditions. For
example, the checks must be payable to you. The excess over $5,000
will be available on the seventh business day after the day of your
deposit. If your deposit of these checks (other than U.S. Treasury
checks) is not made in person to one of our employees, the first $5,000
will not be available until the second business day after the day of your
deposit; and

Funds from all other check deposits will be available no later than
the seventh business day after the day of your deposit.
Starting November 16, 2014, the following terms will apply to your
Deposit Account Agreement – Electronic Funds Transfer Service
Terms
Notice of your Rights and Liabilities
Replace #3 of, “For business accounts only: You agree” with the
following:
3. That by allowing anyone to use your Card, or by failing to exercise
ordinary care (such as storing your PIN with your card or selecting your
birthday as your PIN), you will be responsible for all authorized and
unauthorized transactions;
Page 1 of 1
08/01/2014
Deposit Account Agreement
Privacy Notice
How to Contact Us
Important legal information, disclosures
and terms you should know.
WELCOME TO CHASE
Thank you for opening your new account with Chase; we look forward to serving you.
Your new deposit account gives you access to a wide range of advantages that can save you time and money
and make everyday banking secure and convenient. Such as our 20,000-plus Chase ATMs, 5,600-plus
nationwide branches, online banking, bill payment, Chase Mobile®, and Account Alerts.
Please keep this agreement handy for answers when you need them. And remember, whenever you have
a question, you can call us at 1-800-935-9935 (for Business Accounts 1-800-242-7338) or see a Chase
banker at your nearest branch.
ABOUT THIS BOOKLET
This booklet (formerly known as Account Rules and Regulations) contains the following three sections. Please
review this information and keep it with your records.
Deposit Account Agreement
This section is your Deposit Account Agreement, or contract, with us.
The Deposit Account Agreement also includes the following disclosures (which are separate documents we
provide to you) that apply to our personal and business accounts:
•Rates for interest-bearing accounts
•Personal accounts:
--Additional Banking Services and Fees
--Personal account products
•Business accounts:
--Additional Banking Services and Fees
--Business account products
--Business Deposit Express Fees and Agreement
•Any additional disclosures, such as amendments or agreements, that we will provide to you, either
when you open your account or if we change the terms of your account.
Privacy Notice
The Privacy Notice explains what we do to keep information about you private and secure, and your
choices about how we use your information.
How to Contact Us
This section contains information on how to contact us, by phone or mail, if you have any questions.
TABLE OF CONTENTS
DEPOSIT ACCOUNT AGREEMENT....................................................................................................................................................................2
General Account Terms.................................................................................................................................................................................... 3
A. Deposits and Checks You Cash..........................................................................................................................................................3
B. Checks, Withdrawals, and Other Charges..................................................................................................................................5
C. Overdrafts and Fees, Overdraft Protection, Setoff, and Security Interest.....................................................7
D. CDs................................................................................................................................................................................................................................9
E. Statements, Notice of Errors, and Other Notices.............................................................................................................. 11
F. Forms of Account Ownership.............................................................................................................................................................12
G.Interest on Checking and Savings Accounts.........................................................................................................................15
H.Closing Your Account.................................................................................................................................................................................15
I. Other Legal Terms........................................................................................................................................................................................15
Substitute Checks and Your Rights...............................................................................................................................................20
Electronic Funds Transfer Service Terms...............................................................................................................................21
A. Types of EFT Services..............................................................................................................................................................................21
B. Important Information and Agreements about Your ATM or Debit Card.......................................................22
C. Limitations on Transfers, Amounts, and Frequency of Transactions................................................................24
D. Receipts and Statements.......................................................................................................................................................................24
E. In Case of Errors or Questions about Your Electronic Funds Transfers........................................................24
F. Our Liability for Failure to Complete Transactions...........................................................................................................25
G.Stop Payment for Preauthorized (Repeating) Transfers.............................................................................................25
H.Disclosure of Account Information to Third Parties.........................................................................................................25
I. Notice of Your Rights and Liabilities.............................................................................................................................................26
J. Fees...........................................................................................................................................................................................................................26
K. Services Not Covered by This Part; Separate Agreements.....................................................................................26
Account Alerts and Chase Mobile®................................................................................................................................................26
Funds Availability Policy..............................................................................................................................................................................27
PRIVACY NOTICE..................................................................................................................................................................................................................29
HOW TO CONTACT US................................................................................................................................................................. BACK COVER
DEPOSIT ACCOUNT AGREEMENT
This Deposit Account Agreement is the contract that governs your account. Please be sure to read it
carefully and keep it in a safe place. If you have any questions regarding any of the information contained in this
agreement, please stop by any Chase branch and talk with one of our bankers. They’ll be happy to help. You
can also call us at one of the numbers listed on the back cover.
Whether you’re a personal or business customer with a Chase deposit account, this is the basic agreement
between you and us (JPMorgan Chase Bank, N.A. or any of our affiliates where you have a deposit account).
By signing a signature card or application, or using any of our deposit account services, you and anyone else
identified as an owner of the account agree to the terms contained in this agreement. Customers of some of
our business groups, such as Corporate Banking, will get a different agreement and their accounts will be
governed by that agreement, not this one. If you have a product that is not a deposit account, such as a gift card
or prepaid card, this agreement does not apply to that product. Also, other services, such as online banking or
retirement accounts, have additional agreements. If another more specific agreement and this one disagree, the
more specific agreement will govern.
This agreement also refers to and includes other disclosures we may provide to you, including (1) product
information, (2) rate information disclosures (if applicable), (3) banking services and fee disclosures, and (4)
other disclosures, agreements, and amendments that we may provide to you. All may contain information on
fees that apply to your accounts.
Important Definitions:
Below are definitions of some important terms used throughout this agreement:
“Account”: Means any deposit account you have with us (such as a checking or savings account) that is
covered by this agreement.
“Business day”: Means every day except Saturdays, Sundays, or federal holidays. Some branches may
close on a business day due to an emergency or to observe a state holiday.
“Debit card transaction”: Includes any purchase from a merchant using your ATM card or debit card.
“Direct deposit”: With “direct deposit,” someone, such as an employer or the government, sends your
funds directly into your account through the ACH electronic payment system.
“ACH”: Is an electronic deposit to or withdrawal from your account, such as a directly deposited payroll
check or a bill payment, sent to us through the “automated clearinghouse,” which is an electronic network
that sends and receives those transactions.
“Check”: Means any written order to pay a specific amount of money drawn on, payable through or at, or
processed by, a bank or other depository institution. If a check is sent or returned as an electronic image
or as a substitute check, it is still considered a check.
“Available balance”: Your “available balance” is the balance in your account after deducting (1) deposits
that are not yet available for withdrawal under our Funds Availability Policy, (2) debit card or other
transactions that we are legally obligated to pay or have already paid out in cash, (3) other pending
transactions such as ACH transactions, and (4) any holds on your account, such as holds on funds to
comply with court orders or other legal requirements.
“Item”: Means any check, ACH, funds transfer, teller cash withdrawal, ATM withdrawal, debit card purchase,
fee, charge, or other amount that is added to or subtracted from your account.
“Hold on your account”: Means that the funds are still in your account but we will not allow you to
withdraw them. A hold may be placed because of delayed funds availability, a court order requiring us
to prevent withdrawals, or other reasons. The amount of a hold reduces your available balance by that
amount.
“Overdraft” or “overdrawing” your account: Means that your account balance, minus any deposits
you’ve made that are not yet available, and minus holds on your account, is less than $0 or that your
available balance is not enough to pay all the items that have been presented to us on a business day.
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GENERAL ACCOUNT TERMS
A. Deposits and Checks You Cash
1.Direct deposits; notice of electronic deposits
We encourage you to use direct deposit whenever possible so your money can’t be stolen or lost
in the mail.
When we receive an electronic deposit for your account, the only notice you will receive is on your next
account statement. You may use online banking or Account Alerts or call us to confirm that we have received
an ACH or wire transfer deposit.
If the bank that sent an electronic deposit notifies us that it was sent by mistake, or was intended for another
customer or account, we may deduct the amount of the deposit from your account without investigating.
2. Endorsements
An “endorsement” is a signature, stamp, or other mark made on a check to transfer the check to another
person. If any check deposited to your account doesn’t have your endorsement, we may endorse it for you,
or treat the check as if we had endorsed it. Either way, the effect will be the same – as if you had endorsed
the check. Also, any check deposited to your account that appears to contain your stamped or facsimile
endorsement will be treated as if you had actually endorsed it. We are not bound by any conditional or restrictive
endorsement on a check you cash or deposit, or any endorsement “without recourse.”
3. Endorsement requirements
To help ensure that checks you deposit or cash will be processed promptly, your endorsement (and any
other endorsement before the check is deposited) must be in the 1-1/2 inch area that starts on the right side as
viewed from the back. Payee or customer information must not be on any other part of the back of the check
(look at the following diagram to see this area):
If you don’t endorse your check properly, and it causes us a loss,
cost, or expense, you have to pay that amount to us.
4. Deposit records and receipts
We may rely on the account number on any deposit slip or similar record we receive, even if that
account number is associated with a name that’s different from the name you’ve provided. It’s not
Chase’s responsibility to detect any inconsistency between the account number you provide and
the name.
If you make a deposit, we may provide a receipt. However, the amount on your deposit receipt is based
only on the deposit slip you complete. We may confirm the funds you deposit and, after review, may adjust your
account for any errors – including any errors on your deposit slip. We are not required to adjust your account
for discrepancies under $10.
If we issue you a CD receipt and you then decide not to open the CD, or a deposit receipt and you then
cancel the deposit, the receipt is void and you may not claim those funds.
5. Night depository and large cash deposits
If you use our night depository, you are responsible for any disappearance, theft, or loss of any envelope,
bag, or money before we issue a written receipt for the deposit.
Any of our employees may open and count any deposit that a teller didn’t count in front of you, including
night depository deposits and large cash deposits, and you agree not to dispute that employee’s determination
of the amount you deposited.
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6. Our right to refuse deposits
We may refuse a deposit, or part of a deposit, to your account at any time. We also may refuse a deposit
after initially accepting it. If we refuse a deposit, we may take the check on a “collection basis,” which means
we won’t add funds to your account until we’ve actually been paid for the check. We will not be liable to you for
refusing a deposit, even if it causes outstanding items to be returned. We can reverse any amount we’ve added
to your account for a deposited check and send the check on a collection basis even after we’ve taken physical
possession of the check.
7. When you can withdraw funds you’ve deposited
Generally, for most accounts, you may withdraw funds the next business day after the business day you
deposit them. But in some cases you may not be able to immediately withdraw or write checks against deposited
funds. See our Funds Availability Policy for details.
If funds from a deposit become “available” and you can withdraw funds, that does not mean the check or
other item you’ve deposited is “good,” has “cleared,” or has been paid by the paying bank. It’s possible that the
item will be returned unpaid months after we’ve made the funds available to you and you’ve withdrawn them. No
one, including our employees, can guarantee you that a check or other item will not be returned.
8. Transactions in a foreign currency
The exchange rate when you send or receive money in a foreign currency or exchange currency will depend
on the type of transaction being conducted (e.g. sending or receiving a wire transfer, depositing a foreign check,
exchanging foreign currency), the dollar amount, type of currency, date and time, and whether the transaction is
either a debit or credit. The exchange rate for the same currency may not be the same across different products
or services. The exchange rate that we offer you may include a commission, and will be different from the
exchange rate for institutions that is usually quoted in newspapers or online services.
We are not required to accept for deposit checks that are drawn on a non-U.S. bank or payable in a foreign
currency. We may accept those checks on a collection basis without your specific instruction to do so and we
may charge a fee. We can reverse any amount we’ve added to your account and send the check on a collection
basis even after we’ve taken physical possession of the check. Our Funds Availability Policy does not apply
to any foreign check, whether we accept it for deposit or on a collection basis. The actual amount you receive
for checks payable in a foreign currency will be determined at the exchange rate for such items that’s in effect
when we’re paid for the check. If a check or other transfer is returned later for any reason, we will charge your
account at the applicable exchange rate in effect at the time of the return, which may be more or less than the
exchange rate originally used for the deposit and we may subtract the amount of any charges by other banks
from the amount credited to your account.
9. Depositing substitute checks
A “substitute check” is a copy of a check that is the legal equivalent of an original check. You may sometimes
receive a substitute check, such as when a check you deposited is returned unpaid. You agree not to deposit
substitute checks; however, if you do and we suffer a loss, cost, or expense as a result, you will have to pay us
that amount.
10. Depositing remotely created checks
“Remotely created checks” are created when an account holder authorizes a payee to draw a check on
the account, but instead of the account holder’s actual signature, the check identifies that the account holder
authorized the check. If you deposit a remotely created check, you guarantee it was authorized by the account
holder for payment in the amount it shows.
11. Our responsibility for collecting deposits
If you deposit or cash a check, or we send one for collection, we only act as your agent. Our only
responsibility is to exercise reasonable care. We will not be liable for the lack of care of any bank we use to
collect checks, or for checks lost while being shipped. We may send checks to any bank or directly to any
non-bank drawee in our customary manner. We may agree with other banks regarding times and methods for
collecting or returning items.
If we lose a check, you agree to use reasonable efforts to help us locate or replace the lost check.
Although we attempt to identify and prevent fraudulent transactions, we have no duty to you to determine
whether any check you deposit or cash is forged, counterfeit, altered, improperly endorsed, or otherwise
improper. If you deposit the check in your trust account (including any attorney trust account), we may charge
your trust account, an account in your name, or charge part of the check to each.
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12.Our right to charge back deposited or cashed checks
If you deposit any check or other item to your account or cash any check, and we are notified that the item
will be returned unpaid, or another bank or the customer who wrote the check paid by Chase demands that we
repay them for the item for any reason, we may deduct the amount of the item from any of your accounts, even
if doing so creates an overdraft. If a deposited or cashed item is returned, we will charge you a Deposited Item
Returned fee or a Cashed Check Returned fee, and we may deduct the amount from any of your accounts. We
may deduct the amount from your account at any time whether the physical item is returned to us or not, and
whether we can return the item or a copy to you or not. If an item is returned, we will notify you by mail but are
not required to give you next-day notice.
We may place a hold on or charge your account for any check or other item deposited into your account
if a claim is made or we otherwise have reason to believe that the check or other item was altered, forged,
unauthorized, has a missing signature, a missing or forged endorsement, or should not have been paid, or may
not be paid, for any other reason. When the claim is finally resolved, we will either release the hold or deduct
from your account the amount of the item.
B. Checks, Withdrawals, and Other Charges
1. Withdrawals and transfers from your account
We may subtract from your account the amount of any check or other item that you or any person you
authorize created or approved. We may require you or any person you authorize to provide us with identification,
documentation, or information that’s acceptable to us.
2. Your check forms
Checks and other account documents you use must be on forms obtained through or approved by us.
We’re not responsible for losses that result from improper printing on documents we don’t approve. We may
refuse to accept for deposit or pay checks in a form that we cannot process or photograph using our customary
equipment.
3. Protecting your checks
You must protect your checks and other account documents and information from theft and unauthorized
use. You must write your checks in a way that prevents someone else from completing, altering, or adding to
them without your authorization. If you become aware that any checks or other documents and information, such
as statements, have been lost or stolen, you must notify us immediately. If you fail to do any of these things, we
are not responsible for any losses that may result.
4.Incomplete, future-dated, or conditional checks, and checks dated more than six months
before payment
You agree not to write a check that’s incomplete, future-dated, or conditional (one that tries to limit the time
or method of payment, such as “Void after 180 days” or “Valid only for $1,000 or less”). We have no duty to
discover, observe, or comply with such checks. If we pay a conditional check, the conditions do not apply to us.
We may choose to pay or not to pay a check that is dated more than 6 months before it is presented for
payment regardless of how old it is, and if we pay it, you will be responsible for the check.
5. Multiple signatures
We are not required to comply with any multiple-signature requirement, either on personal or business
accounts, even if your signature card specifies that multiple signatures are required or you have otherwise
instructed us to do so. This requirement is for your internal control purposes only.
6. Facsimile signatures
We may pay a check bearing any form of facsimile or computer-generated signature. If you use a facsimile
or computer-generated signature, or provide a signature card authorizing any such signature, you will be solely
responsible for any check bearing a similar signature, regardless of your negligence or whether the signature
was the same one you previously used.
7. Check cashing
If a person who is not our deposit or loan customer tries to cash your check at any of our branches, we
may charge them a fee or refuse to cash it. We may also require that they provide us identification we deem
acceptable, including fingerprints.
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8. Large cash withdrawals
We may place reasonable restrictions on the time and method of any large cash withdrawal. If you make a
large cash withdrawal, we may also require that you sign a document releasing us from any liability if you are
robbed or assaulted. We may refuse the cash withdrawal if you do not agree with these conditions.
9. Review of checks and signatures
Check payment is highly automated, and we pay millions of checks every day. Although we inspect some
checks, you agree that reasonable commercial standards don’t require us to do so. If we return a check because
we believe it doesn’t match your signature card, we’re not liable to you even if the check was actually authorized.
If the numeric amount on a check doesn’t match the amount written out in words, we may select either one when
paying it. We have no duty to prevent a check from being presented more than once.
10. Notice that a check has been deposited or cashed
If we’re notified that a check drawn on your account has been deposited or cashed at another bank, we may
place a hold on your account for the check amount, which may cause other items to overdraw the account. If
the amount of the check identified in the notice exceeds your account balance at the time we receive the notice,
we may notify the other bank of that fact.
11. Account numbers on funds transfers
If you instruct us to send a funds transfer, such as a wire or ACH transfer, we and every other bank involved
in the transfer may rely on any bank number or account number you provide. If the funds transfer instruction
gives both a bank number or account number and a name, and the name identifies a different person from the
bank or account owner identified by number, we and other banks that handle the funds transfer may still rely
exclusively on the number, and have no duty to detect any inconsistency between the bank number or account
number and the name.
12. Fees
You agree to pay all fees applicable to your account. When you opened your account, we provided you a
schedule of fees applicable to your account, and we will notify you of any changes. We may charge these fees
to your account at any time even if the charge overdraws your account.
13. Stop payments
You may stop payment on a check drawn on your account, and we will charge a Stop Payment fee. However,
you cannot stop payment if we have already certified, paid, or otherwise become responsible for the check. For
example, you can’t stop payment on a check we’ve already cashed because we became responsible for the
transaction as soon as we cashed it. Any one owner or authorized signer of an account may order us to stop
payment on a check drawn on the account. Refer to the Electronic Funds Transfers section for how to place a
stop payment on recurring electronic payments.
To stop payment on a check, you must give us an oral or written stop payment order using the phone
number or address listed on the back cover, or in person at a branch, or by making an electronic stop payment
order through online banking. You must give us the exact account number, and either the exact check number(s)
or amount, so we can identify the item. Generally, upon receipt of the stop payment instructions, your request
will be processed immediately.
For personal accounts, a stop payment order is effective for 1 calendar year, and may not be extended.
However, you may place a new stop payment order, which will be effective for 1 calendar year from the day
this additional order is placed. An additional Stop Payment fee will be charged. Generally, we will send a
confirmation of your stop payment depending on the channel in which the stop payment was originated.
For business accounts, your stop payment order may either:
• Be effective for 1 calendar year, or
• Be effective for one year and then automatically renewable annually for 6 additional years. We will list
scheduled renewals on your business account statement 60 to 90 days in advance. The stop payment will
be renewed, and you will be charged a Stop Payment Renewal fee, unless you notify us not to renew by
returning the notice portion of the statement.
For business accounts, we may send you a written confirmation of your stop payment order. Information in
the written confirmation will be presumed correct unless you notify us immediately of any errors.
Whether you have a personal or business account, when the stop payment order expires, we may pay the
item and have no duty to notify you except for identifying the item as paid on your statement.
We are not required to accept a stop payment on a cashier’s check, teller’s check (“official check”), or
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certified check, unless you provide us a sworn statement – in a form we deem acceptable – that the check
is lost, stolen, or destroyed. After a stop payment is placed, we are not required to refund the money used to
purchase the check, or issue a replacement check, until and unless the check is not presented for payment
within 90 days after the issue or certification date. If in our discretion we agree to refund or replace the check,
we will require that you purchase a surety bond for the amount of the check.
14. Limits on savings account withdrawals
Withdrawals or transfers out of your savings account are limited by federal law. In this agreement, a savings
account means an account with limited withdrawal privileges, including a money market account.
During any monthly statement period, you may make no more than 6 withdrawals or transfers (for example
by check, ACH, telephone, Internet, Overdraft Protection transfer) out of these accounts. However, this limit
does not apply to withdrawals made in person or through ATMs, mail (by a check payable and mailed to you), or
messenger.
We are required by law to ensure that you comply with this limit. If you exceed this limit after we’ve notified
you of a violation, we will change your account to one we choose that doesn’t limit withdrawals, and it may be
an account that pays less or no interest.
15. Savings Withdrawal Limit fee
If you make more withdrawals or transfers out of your savings account than your account terms permit in a
monthly statement period, we will charge a Savings Withdrawal Limit fee. This fee is based on all withdrawals
and transfers, not only those that are limited by federal law.
16.Our right to require advance notice of withdrawals
For all savings accounts and all personal interest-bearing checking accounts, we reserve the right to
require 7 days’ prior written notice of withdrawal.
17. Death or incompetence of account owner
Notify us immediately if any account owner dies or is declared incompetent by a court. Until we receive
notice otherwise, we may act as if all owners are alive and competent.
After we receive notice of death or incompetence, we may freeze the account, refuse to accept transactions,
and reverse or return deposits to the account. We are also not required to release funds in the account until we
receive any documents we reasonably request to verify the death or incompetence, as well as who is entitled
to the funds. If we have any tax liability because of paying funds in an account to you or your estate, you or your
estate will be responsible for repaying us the amount of that tax.
If an account owner authorizes an item, but it’s not presented for payment until after that owner dies, we are
authorized to pay the item after the owner’s death. If an account owner owes us a debt at the time of death, we
are authorized to exercise our right of setoff (our right to apply funds in one account to the debt associated with
another) or security interest rights against the account after the owner’s death. We have these rights even if a
surviving joint owner, a POD payee, or a beneficiary of an ITF or “trustee for” account has rights to the account.
C.Overdrafts and Fees, Overdraft Protection, Setoff, and Security Interest
1. Overdrafts
We may, but are not required to, decline to pay any item unless your available account balance at the time is
equal to or more than the amount of the item, plus all other items received but not yet paid, and we will decline
any requested ATM withdrawal unless your available account balance at the time is equal to or more than the
amount of the requested withdrawal. Even if we’ve paid overdraft items before, we are not required to do it in the
future. For personal accounts, unless you have notified us that you DO want us to pay debit card overdrafts at
our discretion, we generally won’t authorize a non-repeating (“everyday”) debit card transaction if your available
account balance isn’t enough to pay that transaction. For business accounts, if you have notified us NOT to pay
debit card overdrafts we generally won’t authorize a non-repeating (“everyday”) debit card transaction if your
available account balance isn’t enough to pay that transaction.
We look at your account balance only once from the time we receive an item until we return it to decide
whether the item causes an overdraft. We may deduct from your account the amount of a debit card transaction
at the time of an authorization request.
Generally, for each business day, we will first add deposits to your account, then subtract wire transfers,
non-repeating (“everyday”) debit card transactions, online banking transactions, ATM withdrawals, teller cash
withdrawals, cashed checks, and deposited checks drawn on us in the order in which they were authorized,
withdrawn, or deposited, and then subtract all other items starting with those having the highest dollar amount
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and moving to the lowest. We reserve the right to use a different order in certain states.
It’s your responsibility to avoid overdrawing your account. See a banker to learn about Overdraft Protection.
We also offer Account Alerts to keep you informed about the balance and transactions in your account.
2. Your responsibility to repay overdrafts
You must promptly pay the amount of any overdraft along with any fees that apply. If you don’t, you may be
charged additional fees or interest. We also may report you to credit reporting agencies, close your account, or
both. This could affect your ability to open accounts with us or other banks in the future.
You authorize us to use the money from any subsequent deposits to your account to pay any overdraft and
resulting fees. Subsequent deposits include any federal or state benefit payments that you choose to deposit in
any account (including direct deposit of Social Security). You understand and agree that if you don’t want your
benefits applied in this way, you may change your direct deposit instructions at any time.
You agree to pay all costs and expenses we incur in collecting any overdraft, including attorneys’ fees. We
may still pursue collection of the amount you owe (including suing you) after it is charged off.
3.Insufficient Funds, Returned Item, and Extended Overdraft fees
We will charge a fee for any item presented on a business day when your account is overdrawn, whether
or not we pay the item. If we pay it, we will charge an Insufficient Funds fee. If we return it, we will charge a
Returned Item fee. The fee will be listed as a Returned Item Fee if we initially decide to return the item but later
decide to pay it. For personal accounts, we will only charge an Insufficient Funds fee for an everyday debit
card transaction if you have notified us to pay debit card overdrafts. For business accounts, we will charge an
Insufficient Funds fee for an everyday debit card transaction unless you have notified us not to pay debit card
overdrafts. If your account becomes overdrawn during a business day, you can avoid these fees by making a
deposit or transferring funds from another Chase account to cover the overdraft by the end of the business day,
which is branch closing when made at a branch, and by 11 p.m. ET by all other methods. If you deposit a check,
this assumes we do not place a hold and the check is not returned unpaid.
We may limit the number of Returned Item and Insufficient Funds fees we charge for a business day.
We will not charge Insufficient Funds fees if your ending account balance is overdrawn by $5.00 or less or
is overdrawn due to a Funds Availability Policy hold and notice of that hold is not provided at the time of the
deposit. Additionally, even if your ending account balance is overdrawn we will not charge a Returned Item Fee
or Insufficient Funds Fee for any item that is $5.00 or less. We will charge an Extended Overdraft fee for any
overdraft balances that you haven’t repaid promptly, we may charge interest for any overdraft, or we may do both.
Refer to your fee schedule for information about what fees apply and how fees are calculated for
your account.
4. Overdraft Protection agreement
Overdraft Protection request: If you request Overdraft Protection, you must specify one or more checking
accounts you want protected by the service, and a single account with us or our affiliate for each checking
account where the money will come from for Overdraft Protection. That account is called a “funding account.”
It may be a savings account (including a money market account), a credit card account in good standing, or
another qualifying line of credit account. Personal checking accounts may only be linked to personal funding
accounts, and business checking accounts may only be linked to business funding accounts. Any person who
is an owner of both the checking account and the funding account may request the service without the consent
of other owners. Overdraft Protection will become effective within a reasonable time after we have approved
your request.
Activation: If you overdraw an account that has Overdraft Protection, we will automatically transfer available
funds from the funding account to the checking account in increments of $50.00 that are enough to pay the
overdraft amount and all transfer fees. Transfers will appear on the periodic statements for each applicable
account. We are not required to notify you if the funding account becomes unavailable.
Fees: We’ll subtract an Overdraft Protection Transfer fee from your checking account each day we transfer
funds. The fee amount is disclosed in our fee schedule.
Limits on Overdraft Protection:
• We will not transfer more than the available account balance in a savings account or the available credit
(as of the end of the previous business day) in a credit account, even if the amount of the overdraft is more
than that available amount. If the available account balance isn’t enough to pay all the checks and other
transactions you have initiated on any day plus the Overdraft Protection Transfer fee in increments
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of $50.00, we will transfer enough funds to pay one or more transactions, plus the fee. If the available
account balance is enough to pay one or more transactions but not the fee, we’ll transfer enough to pay
just the transactions. However, we will charge the Overdraft Protection Transfer fee against the account,
causing the account to be overdrawn. Any transactions that are not paid by the transfer will either be
paid or returned, and Insufficient Funds fees or Returned Item fees will be charged as if you didn’t have
Overdraft Protection.
• Transfers from a savings account used as the funding account are limited by federal law. There must not be
more than 6 Overdraft Protection transfers and other limited transfers per monthly statement period. The
section entitled “Limits on savings account withdrawals” explains these limits in more detail.
• Overdraft Protection will not be available if the funding account is closed or blocked for usage.
Termination of Overdraft Protection:
• We may terminate Overdraft Protection at any time by sending you written notice.
• Any owner of the checking account, any owner of a savings account used as the funding account, or any
borrower on a credit account used as the funding account may cancel Overdraft Protection in person or in
writing. Cancellation will be effective after we have received notice and had a reasonable time to act on it.
5. Setoff and security interest
If you owe a debt to us or any of our affiliates (either now or in the future), you grant us a right of setoff to,
and a security interest in, all of your accounts to secure the debt. Debts include any overdrafts or fees you owe.
If the debt is due or overdue, we may use the funds in any of your accounts to pay all or part of the debt. If your
account is a joint account, we may use the funds in the joint account to pay the debt of any account owner. Our
security interest will be governed by Uniform Commercial Code Article 9, whether Article 9 applies by its terms
or not. We do not have to give you any prior notice to apply the funds. You expressly agree that our rights extend
to any federal or state benefit payments (including Social Security benefits) electronically deposited to your
account. If you don’t want your benefits applied in this way, you may change your direct deposit instructions
at any time with the person or organization paying the benefits. The right of setoff does not apply if the debt is
created under a personal credit card plan.
If any federal benefits or other payments are deposited to your account after you become ineligible to
receive them, we may set off against any of your accounts to recover the payments if we’re obligated to return
funds to the payor.
D. CDs
A “certificate of deposit” or “CD” is a deposit with us for a specified period of time. This disclosure covers
both retirement and non-retirement CD products. By opening your CD, you agree to keep the amount deposited
(principal) on deposit. The standard minimum deposit amount to open a CD is $1,000. Here are a few things
you should know about CDs:
• Term: The term is the number of days, months, or years you agree to leave your money in the account.
• Maturity Date and Grace Period: The maturity date is the last day of your CD’s term. For CDs with a
term of 14 days or longer, we also provide you a grace period of 10 days after the maturity date. You
can withdraw your CD principal without paying an early withdrawal penalty, make additional deposits, or
change the rate or term of your CD only on the maturity date or during the grace period.
• Single Maturity CD: A single maturity CD will not automatically renew on the maturity date and won’t
earn or be paid interest after that date.
• Automatically Renewable CD: An automatically renewable CD will renew on the maturity date for the
same term unless we notify you otherwise or you change or close the account. Once your CD renews,
any reference to the maturity date means the last day of the new term. For the renewal term, your CD will
earn interest for the term and amount either at the standard interest rate or at the relationship interest rate,
if you qualify. If your CD is closed during the grace period, it will not earn interest after the maturity date.
• Interest: We use the daily balance method to calculate interest on your CD. This method applies a
periodic rate each day to your account balance. Interest begins to accrue on the business day of your
deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate
interest on a 360-day basis. The Annual Percentage Yield (“APY”) disclosed on the face of your deposit
receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of
more than one year, interest will be paid at least annually and the amount(s) paid will be reported to the
IRS each calendar year. A withdrawal will reduce earnings.
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• Withdrawing Interest: You may choose to withdraw any paid or credited interest without penalty during
your CD’s term or at maturity. After the maturity date and grace period, interest will become principal of the
renewed CD.
• Early Withdrawal Penalties. There is a penalty for withdrawing principal prior to the maturity date.
For Personal CDs:
-- If the term of the CD is less than 24 months, the early withdrawal penalty is 1% of the amount withdrawn,
but not more than the total amount of interest earned during the current term of the CD.
-- For terms 24 months or more, the early withdrawal penalty is 2% of the amount withdrawn, but not more
than the total amount of interest earned during the current term of the CD.
-- If the withdrawal occurs less than 7 days after account opening or a previous withdrawal, the amount
of the early withdrawal penalty will be calculated as we described above, but it cannot be less than 7
days’ interest.
-- The amount of your penalty will be deducted from principal.
For Business CDs:
-- If the term of the CD is less than 365 days, the early withdrawal penalty is equal to $25.00 plus 1% of
the amount withdrawn.
-- For terms of 365 days or more, the early withdrawal penalty is equal to $25.00 plus 3% of the amount
withdrawn.
-- If the withdrawal occurs less than 7 days after account opening or a previous withdrawal, the amount
of the early withdrawal penalty will be calculated as we described above, but it cannot be less than 7
days’ interest.
-- The amount of your penalty will be deducted from principal.
• Waiving Early Withdrawal Penalties. We will waive early withdrawal penalties in these circumstances:
For Personal CDs:
-- Death of a CD owner or a grantor of a revocable family/living trust;
-- Disability of a retirement CD owner;
-- Court determination that a CD owner is incompetent;
-- Re-titling of a CD (excluding a retirement CD) to transfer ownership of funds into a living trust without
moving funds from the bank and where no change in term or rate occurs;
-- For retirement CDs, if the owner is 59-1/2 or older and the funds are taken as an IRS-reportable
distribution via cash, check, or deposit or transfer to a non-retirement account. This waiver does not
apply if the transfer is to a retirement account at another financial institution;
-- For retirement CDs, if the owner is revoking his or her Traditional IRA/Roth IRA within 7 days after
establishing the plan (must forfeit accrued interest); and
-- For retirement CDs, if the owner is withdrawing funds for one of the following reasons without moving
funds from the bank and where no change in term or rate occurs:
• Converting or reconverting Traditional IRA or SEP funds to a Roth IRA;
• Recharacterizing Traditional IRA/SEP funds to a Roth IRA or vice versa; or
• Directly rolling over funds in a Money Purchase Plan or Profit Sharing Plan to a Traditional IRA,
SEP, or Roth IRA.
We will also waive early withdrawal penalties under the circumstances described below. However, if the
withdrawal occurs less than 7 days after the account was opened or a previous withdrawal was made, the
withdrawal penalty will apply. These circumstances are as follows:
• Disability of a CD (excluding Retirement CD) owner;
• For retirement CDs, if the owner is under age 59-1/2 and one of the reasons defined by sections 72(t) and
530 of the Internal Revenue Code applies, such as payment of qualified education expenses and first-time
home purchase expenses; and
• For retirement CDs, if the owner is withdrawing an excess annual retirement contribution amount and any
corresponding earnings.
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For Business CDs:
-- Death of a CD owner or a grantor of a revocable family/living trust;
-- Court determination that a CD owner is incompetent;
-- Re-titling of a CD to transfer ownership of funds into a living trust without moving funds from the bank
and where no change in term or rate occurs.
We will also waive early withdrawal penalties under the circumstances described below. However, if the
withdrawal occurs less than 7 days after the account was opened or a previous withdrawal was made, the
withdrawal penalty will apply.
• Disability of a CD owner.
E. Statements, Notice of Errors, and Other Notices
1. Statements and Notices
We will send an account statement for checking and savings accounts to the current address listed on our
records. We will send statements monthly, unless the product information for your account indicates otherwise.
If there have been no deposits or withdrawals to your checking account within a 2-month period, or to your
savings account or linked checking and savings accounts within a 30-month period, we may send only annual
statements. Statements will be sent via ordinary U.S. mail, unless you and we agree otherwise. Statements are
also available through online banking. For some accounts we may charge a Statement fee if you receive a paper
statement.
We’ll send only one statement or any other notice for any account, even if it has more than one owner. You
agree that sending the statement or other notice to one owner qualifies as sending it to all owners, even if all
owners don’t have access to the mailing address of record for the account.
We may change your mailing address of record if we receive an address change notice from the U.S. Postal
Service, or if we receive information from another party in the business of providing correct address information,
that the address in our records no longer matches your address. If we do so, we’ll notify you. If your statement
or other notice is returned as undeliverable, we may discontinue mailing statements, but statements will be
considered available to you on the day they are generated.
A “statement period” means the period covered by your account statement. If you receive a statement
monthly, the monthly statement period may or may not be a calendar month, but in most cases it won’t be
more than 32 days or less than 28. If you receive a statement for any period other than monthly, a monthly
statement period means a calendar month. The specific dates covered by your account statement will be on
your statement.
2.Notice of errors, forgeries and unauthorized signatures
You must notify us in writing within 30 days after we mail a statement or otherwise make a statement
available (for example, paperless statements) if:
• An item that you did not authorize or that is altered is listed on the statement;
• Your account statement contains any errors; or
• You did not receive your scheduled statement.
You must notify us in writing of any unauthorized, improper, or missing endorsements within 6 months after
the account statement is mailed or made available.
You must provide us with all information we need to investigate the alleged error or item. You must also file
any police reports and provide any supporting affidavits and testimony we reasonably request.
If you do not comply with the requirements above, we are not required to reimburse you for any claimed loss,
and you cannot bring any legal claim against us in any way related to the item or errors. In addition, if you fail to
notify us of any unauthorized item within 30 days (14 days in New York) after we mail or in any other way make
available a statement that lists an unauthorized item, we are not required to reimburse you for unauthorized items
by the same person that we pay after that time. However, the Electronic Funds Transfer Services Terms section
of this agreement applies to the reporting of errors on personal electronic funds transfers subject to Consumer
Financial Protection Bureau Regulation E. You also have certain rights under federal law for substitute checks;
please see the Substitute Checks and Your Rights section of this agreement for more information.
3. Options for receiving checks
We offer three choices for how checks you’ve written or authorized can be delivered to you:
• “Check
safekeeping” means we keep images of your checks, which are available through online banking.
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• We do not include your paid checks or images of them with your statement. Some accounts require check
safekeeping.
• “Image
statement” means we only include images of the front of your paid checks with your statement.
•“Check enclosure” means we return legal copies of your checks with your account statement. (Not offered
on all accounts.)
If you have more than one personal checking account on a single statement and one checking account uses
check enclosure, all other checking accounts will use check safekeeping. If you have more than one business
account on a single statement, you may choose check enclosure for multiple checking accounts. If you have more
than one checking account on a single statement and any account uses image statement, then other checking
accounts will also use image statement, unless the terms of the other accounts require check safekeeping.
You agree that when we keep a copy of the check we have made the check available to you, even if we do
not send originals or images with the statement. If we do not return your paid checks, we may destroy original
checks after a reasonable period of time we determine. We may charge you an Item Copy fee for each copy of a
paid check you request, unless the law states otherwise. If for any reason we can’t return a copy of your check or
satisfy your needs in another way, you agree that we will not be liable for more than the face amount of the check.
We cannot provide originals or images of checks that are sent to us as electronic transfers. Additionally,
other banks may send us electronic images instead of original checks. If you receive an image statement, in those
cases the image will appear with other checks. We can provide a copy of the image, but not the original check.
F. Forms of Account Ownership
1. Personal accounts
NOTE: THE TYPE OF ACCOUNT OWNERSHIP MAY CHANGE HOW YOUR FUNDS ARE PAID IF YOU DIE,
EVEN IF YOUR WILL STATES OTHERWISE. PLEASE CONSULT YOUR ESTATE PLANNING ADVISOR OR
ATTORNEY ABOUT YOUR CHOICES.
If your account is a type listed under “Personal Accounts” in our product information, you agree not to use it
for business purposes. Ownership of your account is determined by the most current signature card. However,
we are authorized to rely on the account ownership information contained in our deposit system unless we are
notified that the most current signature card and the deposit system contain different information.
i. Solely owned account
When only one individual is listed as the owner of an account, we will treat the account as a solely owned
account.
ii. J oint accounts
When two or more people are listed as owners of a personal account, the account is a “joint account” and
each owner is a “joint owner.”
If your joint account becomes overdrawn, you’re liable for the full amount of the overdraft, whether you
initiated or benefited from the item(s) that caused the overdraft.
If one joint owner requests that we not pay items authorized by a different joint owner, we may restrict the
account and refuse to pay all items (including items authorized by the owner making the request), but we are
not required to do so. If we restrict the account, we may not release the restriction unless all joint owners agree
in writing to remove it. No request to restrict the account will affect items that we paid before the request. If we
decide not to restrict the account, all joint owners remain responsible for items subtracted from the account.
Any joint owner may close the account. We may choose whether or not to act upon other instructions of
any joint owners, including adding an additional owner to the account, without the signature of the other joint
owners. We may also pay all or any part of the funds in the account to a court or government agency if we
receive a garnishment, levy or similar legal process that identifies any of the joint owners.
a. Joint account with rights of survivorship
If a joint account has rights of survivorship, and one joint owner dies, the account will be paid to the
surviving joint owners. The estate of the deceased owner will have no rights to the account. If there is more than
one surviving joint owners, the account will continue as a joint account with rights of survivorship among the
remaining owners. If an account is designated “JAWROS” or “JTWROS,” it has rights of survivorship.
b. Joint account with no right of survivorship (also called “tenants in common”)
If a joint account does not have rights of survivorship, and one joint owner dies, that owner’s interest passes
to the owner’s estate. Either the surviving joint owners or the deceased owner’s estate may withdraw the funds
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at any time, and we have no responsibility for determining the respective interests of the owners. If an account
is designated “Tenants in common” or “JTIC,” it does not have rights of survivorship.
c. When survivorship rights apply
Except as otherwise stated in this paragraph, a joint account has rights of survivorship unless you clearly
indicate on the signature card and in the account title that the account is created without these rights. Accounts
in Louisiana do not have rights of survivorship. Accounts in Texas do not have rights of survivorship unless you
clearly indicate on the signature card and in the account title that the account is created with these rights.
If a joint account also contains a “payable on death” or “in trust for” designation, the account always
includes a right of survivorship and is payable to the beneficiary only upon the death of the last surviving owner,
except as stated in paragraph d. below.
d. Marital account (WI only)
If one owner of a marital account dies, the survivor is entitled to 50% of the account funds and the estate
of the deceased is entitled to the other 50%. If a marital account contains a POD designation, the POD
beneficiary is entitled to the deceased spouse’s 50% share. However, we have no responsibility to determine
the respective interests of the owner and the POD beneficiary.
e. Tenants by the entirety (FL only)
A Florida joint account owned solely by two spouses is a “tenants by the entirety” account unless the
signature card indicates otherwise. We are not required to determine whether an account is a tenants by the
entirety account before responding to a garnishment or other legal process. We may assert our right of setoff
or security interest in a tenants by the entirety account in order to collect debts of either owner.
iii. “Payable on death” account
If you establish your account “payable on death” to one or more beneficiaries, the account is a “POD”
account. If we receive proof you’ve died, we will pay the balance of the account to the beneficiary or beneficiaries
you designate. Multiple beneficiaries will be paid in equal shares unless the signature card provides otherwise.
We do not offer POD accounts in all states.
iv. “In trust for” (informal trust) account
If you establish your account as “in trust for” (“ITF”) or as trustee for one or more beneficiaries without
presenting formal trust documents, we may treat the account as a “Totten Trust,” “informal trust,” or “ITF” account.
If we receive proof you’ve died, we will pay the balance of the account to the beneficiary or beneficiaries you
designate. Multiple beneficiaries will be paid in equal shares unless the signature card provides otherwise. We
do not offer ITF accounts in all states.
v. Convenience account
If you have a “convenience” account, you are its sole owner, but you authorize an additional signer to write
checks or authorize other items. You are solely responsible for the actions of the additional signer.
vi. Powers of attorney
If you wish to designate an agent under a power of attorney, you must do it in a form we deem acceptable.
We may refuse to honor any power of attorney presented to us, or refuse to recognize a successor agent, even if
the successor agent is named in a power of attorney that we have previously honored, unless state law requires
otherwise. In addition, we may refuse to follow an agent’s instruction to make the agent a joint owner or a POD
or ITF beneficiary of an account, but we have no liability to anyone if we do so. We may rely on a power of
attorney until we receive written notice that it has been revoked either from you or as a matter of law (for example,
by your death).
vii. Uniform Transfers to Minors Act/Uniform Gifts to Minors Act account
If you’re the custodian of an account under a state’s Uniform Transfers/ Gifts to Minors Act, you can’t
pledge it as collateral for a personal loan to you, or cash checks against it.
viii. Representative payee/VA custodian account
If you open an account as a “representative payee” for someone who receives Social Security payments,
or a legal custodian, spouse payee, or other custodian for someone who receives Veterans Administration
payments, you agree not to permit any deposits in the account other than the designated payments. However,
we are not required to determine whether you deposit other funds or whether any withdrawals or transfers from
the account are for the support of the person for whose benefit the funds are paid. This person is called the
beneficiary. If the beneficiary dies, you must promptly notify us and stop all further deposits to and withdrawals
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from the account. If the government demands that we return deposits made after the beneficiary’s death and
the account does not have enough funds to pay the demand, we may take the funds from any account you or
the beneficiary owns.
ix. Other fiduciary accounts
If you open an estate account, trust account, guardianship or conservatorship account, or other similar
type of account, we reserve the right to require any documents we reasonably request to satisfy us that you
are authorized to open and use the account, including withdrawing the funds. We do not have to permit any
withdrawal from the account until we receive all requested documents. We have no fiduciary duties to you as
the trustee, executor, guardian, or conservator, or to the beneficial owners of the account.
2. Business accounts
If your account is a type listed under “Business Accounts” in our product information, you agree to use it for
business purposes.
If our records list a business organization as the owner of an account, the account is payable to the business
organization and not to any individual director, shareholder, member, or partner. A “business organization”
means a corporation, unincorporated association, limited liability company, partnership (including a limited
partnership, limited liability partnership, or joint venture), or any other business or non-profit organization. We
may rely on the accuracy and completeness of all resolutions, signature cards, and other documents you deliver
to us in connection with the account. If the resolutions, signature cards, or other documents you deliver state
that a person is authorized to sign checks or otherwise initiate transactions on your account, that person is
called a “signer.”
If the account owner is a “sole proprietorship,” that means that a single person conducts the business
as his or her own property, instead of through a business organization. A sole proprietor may also designate
signers by appropriate documents. We may in some states allow a married couple to open an account as a sole
proprietorship.
If you change your form of ownership or authorized signers, you must notify us when the change occurs.
A signer is authorized to endorse checks payable to the business. Endorsements “for deposit” may be
written or stamped. An eligible signer is also authorized to sign checks drawn against your account. We are
authorized to pay checks without asking how the checks were issued or how the proceeds will be used, even if
the check is payable to the person who signed the check.
An eligible signer is authorized to instruct us to close accounts or do anything else involving any account,
and to sign any agreements or documents relating to accounts or other business.
We may, although we are not required to, cash checks payable to – or accept “less cash” deposits
from – a business organization.
If you open an attorney trust account, including an IOLTA or similar account, you authorize us to notify the
appropriate state agency if the account is overdrawn or checks are dishonored, if the applicable state requires
notice of those events.
3. Linked accounts
We will let you, at our discretion, link many of the other accounts you have with us or our affiliates to your
checking account to help you avoid some fees and get higher interest rates. However, deposit accounts opened
with Private Bank and Private Wealth Management cannot be linked to your account to help avoid fees and get
higher interest rates. An account may only be linked to one checking account. Refer to your product information
to determine what accounts are eligible to be linked and what the benefits are from linking accounts.
We may automatically link accounts. If we don’t, you may ask to have your accounts linked. You agree that
information regarding your account may be made available to any other owner or signer on any of the accounts
you have linked.
If you choose to link your personal or business accounts to other personal or business accounts for which
you serve as trustee or custodian (fiduciary), your personal account may receive a financial benefit, which could
be a violation of your fiduciary duties. We are not responsible for your decision to link fiduciary and personal
accounts. You should carefully consider this decision and consult with your legal advisor if necessary.
4. Combined statements
Checking, savings, and CD accounts with at least one common owner may be combined on a single
statement, either automatically or at your request. If accounts are included on a combined statement and you
don’t want that, notify us and we’ll separate the statements.
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Linked accounts do not have to be on a combined statement to receive the benefits of linking, and combining
accounts on a single statement does not mean that the accounts are linked.
You agree that information regarding your account may be made available to any other owner on any of the
accounts included on a combined statement.
G. Interest on Checking and Savings Accounts
When you open a checking or savings account that pays interest, we will provide you a rate sheet stating
the current interest rate and Annual Percentage Yield for your account. The rate sheet is considered a part of
this agreement.
Your account has a variable interest rate. That means we may change the interest rate and Annual
Percentage Yield as often as we choose, without limits and without notice. Interest begins to accrue on the
business day we receive credit for your deposit. For cash and electronic transfers, interest begins to accrue on
the business day of your deposit.
We use the daily balance method for calculating interest. This method applies a daily periodic rate to the
balance in your account each day, which may be based on collected or ledger balances as set forth in the
product information for your account. The collected balance is the balance of all deposits in your account on
which we have received credit for the deposited funds (determined by the availability schedule of our Federal
Reserve Bank for non-cash items). The ledger balance is the balance in your account without regard to credit
or availability. We reserve the right not to pay interest on any deposited item that is returned to us unpaid.
Interest is credited and compounded monthly. However, Chase Retirement Money Market accounts with
interest distributions will not compound, and interest will be credited on the distribution date. Unless otherwise
stated in your product disclosure, interest is computed on a 365-day basis. We pay interest only in whole cents.
Therefore, at the end of each interest payment period (usually monthly), any fractional amount of interest less
than half of one cent will be rounded down and any fractional amount of interest equal to half of one cent or more
will be rounded up to the next whole cent.
H. Closing Your Account
Either you or we may close your account (other than a CD) at any time for any reason or no reason. We are
not required to close your account on your request if you have pending transactions or the account is overdrawn.
In those cases, if you ask us to do so, we will restrict your account against all future withdrawals until pending
transactions are paid or returned and the account balance is no longer negative. After we restrict your account
in preparation for closing, we will not pay any additional interest on the account. We may automatically close
your account if the account balance is $0 or negative. Any closed account may be automatically reopened if we
receive a deposit to the account. Either you or we may close your CD account on any maturity date without cause.
We may send you written notice that we have closed or will close your account and return the account
balance less any fees, claims, setoffs, or other amounts if the balance is greater than $1. After your account
is closed, we have no obligation to accept deposits or pay any outstanding checks. We will have no liability
for refusing to honor any check drawn on a closed account. We have the right to advise consumer reporting
agencies and other third party reporting agencies of accounts closed for misuse, such as kiting or overdrafts.
I. Other Legal Terms
1. Telephone and electronic communication
We may record and/or monitor any of our telephone conversations with you. If we do record, we do not have
to keep the recordings, unless the law says we must.
When you give us your mobile phone number, we have your permission to contact you at that number
about all your Chase or J.P. Morgan accounts. Your consent allows us to use text messaging, artificial or
prerecorded voice messages and automatic dialing technology for informational and account service calls, but
not for telemarketing or sales calls. It may include contact from companies working on our behalf to service your
accounts. Message and data rates may apply. You may contact us anytime to change these preferences. If you
give us your email address, you agree that we may send servicing messages related to your accounts (such as
fraud alerts and hold alerts) to that address.
Communications may be sent electronically, such as e-mail or text messages, rather than via U.S. mail or
other means, unless the law says otherwise.
2. Adverse claims
If there are conflicting instructions or there is any dispute regarding your account, we may take any action
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described in Section I.3 or we may place funds in a court (this is called an interpleader action) for resolution. If
any person notifies us of a dispute, we do not have to decide if the dispute has merit before we take further action.
We may take these actions without any liability and without advance notice, unless the law says otherwise.
3. Restricting your account; blocking or delaying transactions
While there are many reasons why we may decline or prevent transactions to or from your account, it
generally happens when we believe in good faith that preventing or restricting transactions on your account
is advisable to protect you or us, or to comply with legal requirements. We may decline or prevent any or all
transactions to or from your account. We may refuse, freeze, reverse, or delay any specific withdrawal, payment,
or transfer of funds to or from your account, or we may remove funds from your account to hold them pending
investigation, including one or more of the following circumstances:
• Your account is involved in any legal or administrative proceeding;
• We receive conflicting information or instructions regarding account ownership, control, or activity;
• We suspect that you may be the victim of a fraud, scam, or financial exploitation, even though you have
authorized the transaction(s);
• We suspect that any transaction may involve illegal activity or may be fraudulent;
• To comply, in our sole judgment, with any federal, state, or local law, rule, or regulation, including federal
asset control and sanction rules and anti-money-laundering rules, or with our policies adopted to assure
that we comply with those laws, rules, or regulations; or
• We reasonably believe that doing so is necessary to avoid a loss or reduce risk to Chase.
We also may limit cash deposits to or withdrawals from your account (or all of your accounts collectively) in
a single transaction or total withdrawals or deposits during any period of time, in order to enhance our efforts to
comply with federal or state law.
We will have no liability for any action we take under this section.
4. No waiver
If we fail to exercise any right, that failure will not waive that right or any other right, and we may still enforce
all of our rights in the future.
5. Changes to the agreement
We may change the terms of this agreement, including any fees and features of your account, at any time.
We will tell you about changes at least 30 calendar days in advance. However, unless the law requires us to
send you notice in a different way, the notice may direct you to a branch or our website for the content of any
changes or a copy of the revised agreement. For automatically renewable CDs, we will tell you before the
renewal date and changes will be effective on the renewal date. You agree that notice of these changes may
be provided to any joint owner. By maintaining your account after the effective date of any change, you agree to
the change. We are not required to send you notice of interest rate and Annual Percentage Yield changes for
variable rate accounts or notice of changes in document printing fees.
This agreement may be changed or terminated without notice if necessary to comply with any appropriate
federal or state law or regulation.
6. Rules governing your account
This agreement, all accounts and services provided to you, and any dispute relating to those accounts and
services are governed by federal law and, when not superseded by federal law, the law of the state where your
account is located. Your account is considered located in the following state:
• If you opened your account in person, the U.S. state where you opened the account;
• If you opened your account by mail, internet, or other remote means and you resided in a U.S. state where
we had branch offices at that time, the state where you resided; or
• If you opened your account by mail, internet, or other remote means and you did not reside in a U.S. state
where we had offices at that time, Ohio.
Transactions in your account are also subject to applicable clearinghouse and Federal Reserve rules
and regulations.
We will not be liable for anything we do in following your instructions. In addition, we will not be liable for
not following your instructions if we reasonably believe that your instructions would expose us to potential loss
or civil or criminal liability, or conflict with customary banking practices. WE WILL NOT BE LIABLE FOR
INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES REGARDLESS OF THE FORM OF ACTION
AND EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IF WE FAIL
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TO STOP PAYMENT ON AN ITEM, OR PAY AN ITEM BEARING AN UNAUTHORIZED SIGNATURE,
FORGED SIGNATURE, OR FORGED ENDORSEMENT OR ALTERATION, OUR LIABILITY, IF ANY,
WILL BE LIMITED TO THE FACE AMOUNT OF THE ITEM.
If this agreement conflicts with any statements made by one of our employees or our affiliates’ employees,
this agreement will control.
7. Sub-accounts
For accounting purposes, all checking accounts consist of two sub-accounts: i) a transaction sub-account
where all deposits, withdrawals, and fees are posted, and ii) a holding sub-account, where available balances
above a certain level are transferred daily. Funds will be retransferred to your transaction sub-account to meet
your transactional needs; however, all balances in the holding sub-account will be transferred to the transaction
sub-account with the sixth transfer in any calendar month or monthly statement period.
Both sub-accounts are treated as a single account for purposes of your deposits and withdrawals, earning
interest, access and information, tax reporting, fees, etc.
8.Research, legal process and requests for information
If we receive any legal process relating to you or your account, you authorize us to comply with it. “Legal
process” means any document that appears to have the force of law that requires us to hold or pay out funds
from your account, including a garnishment, attachment, execution, levy, or similar order. We do not have to
determine whether the legal process was validly issued or enforceable. As permitted by law, we will charge your
account a Legal Processing fee or costs and expenses we incur in complying with the order, or both.
If any action, including administrative proceedings, garnishment, tax levies, restraining orders, or another
action is brought against you or your account, you will be liable to us for any loss, cost, or expense (including
attorneys’ fees) resulting from our compliance with any legal process.
If we receive any subpoena, court order, or request for information or documents relating to your account
from a governmental entity or arbitration panel, we are authorized to comply with it. If we are required to answer
a subpoena or similar order requesting records of your account, we may charge you a Research fee, less any
amount we are paid by the person issuing the subpoena before we deliver our response.
9. Permitted time for filing a lawsuit
You must file any lawsuit or arbitration against us within 2 years after the cause of action arises, unless
state law or an applicable agreement provides for a shorter time. This limit is in addition to limits on notice
as a condition to making a claim, as described in Section E.2 above. If applicable state law does not permit
contractual shortening of the time during which a lawsuit must be filed to a period as short as 2 years, you and
we agree to the shortest permitted time under that state’s laws.
We abide by federal and applicable state record retention laws and may dispose of any records that have
been retained or preserved for the period set forth in these laws. Any action against us must be brought within
the period that the law requires us to preserve records, unless applicable law or this agreement provides a
shorter limitation period. Any action against us on an automatically renewable CD must be brought within the
time that the law requires us to preserve records based on the stated maturity date in the most recent record of
the CD.
10. Location of legal proceedings
If you file any lawsuit or other legal proceeding against us that’s connected in any way to your accounts
or services, you agree to do so in an appropriate court in the state where your account is located (see section
I.6 above). In addition, if we file any lawsuit or legal proceeding that is connected in any way to your accounts
or services, you consent to jurisdiction and venue in an appropriate court in the state where your account
is located. If either party chooses to have disputes determined under the section entitled “Arbitration,” that
section rather than this section governs the process and location of the arbitration proceedings.
11. Pre-judgment interest rate
If either you or we are awarded a judgment against the other in connection with your account, the rate of
interest earned before judgment on the judgment amount will be the rate of interest the account earned during
that period unless state law requires a different rate. If the account is not interest-bearing, the rate will be the
lowest generally available rate for a personal interest-bearing checking account.
12. Arbitration
You and we agree that upon the election of either of us, any dispute relating in any way to your account or
transactions will be resolved by binding arbitration as discussed below, and not through litigation in any court
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(except for matters in small claims court). This arbitration agreement is entered into pursuant to the Federal
Arbitration Act, 9 U.S.C. §§ 1-16 (“FAA”).
YOU HAVE A RIGHT TO OPT OUT OF THIS AGREEMENT TO ARBITRATE, AS DISCUSSED BELOW.
UNLESS YOU OPT OUT OF ARBITRATION, YOU AND WE ARE WAIVING THE RIGHT TO HAVE OUR
DISPUTE HEARD BEFORE A JUDGE OR JURY, OR OTHERWISE TO BE DECIDED BY A COURT OR
GOVERNMENT TRIBUNAL. YOU AND WE ALSO WAIVE ANY ABILITY TO ASSERT OR PARTICIPATE
ON A CLASS OR REPRESENTATIVE BASIS IN COURT OR IN ARBITRATION.
ALL DISPUTES, EXCEPT AS STATED BELOW, MUST BE RESOLVED BY BINDING ARBITRATION
WHEN EITHER YOU OR WE REQUEST IT.
What claims or disputes are subject to arbitration?
Claims or disputes between you and us about your deposit account, transactions involving your deposit
account, safe deposit box, and any related service with us are subject to arbitration. Any claims or disputes
arising from or relating to this agreement, any prior account agreement between us, or the advertising, the
application for, or the approval or establishment of your account are also included. Claims are subject to
arbitration, regardless of what theory they are based on or whether they seek legal or equitable remedies.
Arbitration applies to any and all such claims or disputes, whether they arose in the past, may currently exist, or
may arise in the future. All such claims or disputes are referred to in this agreement as “Claims.”
The only exception to arbitration of Claims is that both you and we have the right to pursue a Claim in a small
claims court instead of arbitration, if the Claim is in that court’s jurisdiction and proceeds on an individual basis.
Can I (the customer) cancel or opt out of this agreement to arbitrate?
You have the right to opt out of this agreement to arbitrate if you tell us within 60 days of opening your
account. If you want to opt out, call us at 1-800-935-9935, or see a banker. Otherwise this agreement to
arbitrate will apply without limitation, regardless of whether 1) your account is closed; 2) you pay us in full any
outstanding debt you owe; or 3) you file for bankruptcy.
What about class actions or representative actions?
Claims in arbitration will proceed on an individual basis, on behalf of the named parties only.
YOU AND WE AGREE NOT TO:
1) S
EEK TO PROCEED ON ANY CLAIM IN ARBITRATION AS A CLASS CLAIM OR CLASS ACTION
OR OTHER COMPARABLE REPRESENTATIVE PROCEEDING;
2) SEEK TO CONSOLIDATE IN ARBITRATION ANY CLAIMS INVOLVING SEPARATE CLAIMANTS
(EXCEPT FOR CLAIMANTS WHO ARE ON THE SAME ACCOUNT), UNLESS ALL PARTIES AGREE;
3) B
E PART OF, OR BE REPRESENTED IN, ANY CLASS ACTION OR OTHER REPRESENTATIVE
ACTION BROUGHT BY ANYONE ELSE; NOR
4) SEEK ANY AWARD OR REMEDY IN ARBITRATION AGAINST OR ON BEHALF OF ANYONE WHO
IS NOT A NAMED PARTY TO THE ARBITRATION.
If these terms relating to class or representative procedures are legally unenforceable for any reason with
respect to a Claim, then this agreement to arbitrate will be inapplicable to that Claim, and the Claim will instead
be handled through litigation in court rather than by arbitration. No arbitrator shall have authority to entertain any
Claim on behalf of a person who is not a named party, nor shall any arbitrator have authority to make any award
for the benefit of, or against, any person who is not a named party.
Does arbitration apply to Claims involving third parties?
Arbitration applies whenever there is a Claim between you and us. If a third party is also involved in a Claim
between you and us, then the Claim will be decided with respect to the third party in arbitration as well, and
it must be named as a party in accordance with the rules of procedure governing the arbitration. No award or
relief will be granted by the arbitrator except on behalf of, or against, a named party. For purposes of arbitration,
“you” includes any person who is listed on your account, and “we” includes JPMorgan Chase Bank, N.A., all its
affiliates, and all third parties who are regarded as agents or representatives of ours in connection with a Claim.
(If we assign your account to an unaffiliated third party, then “we” includes that third party.)
The arbitration may not be consolidated with any other arbitration proceeding.
How does arbitration work?
The party filing a Claim in arbitration must select either: JAMS or the American Arbitration Association
(“AAA”) as the arbitration administrator. That organization will apply its code of procedures in effect at the
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time the arbitration claim is filed. If there is a conflict between that code of procedures and this arbitration
provision and/or this agreement, this arbitration provision and this agreement will control. In the event that
JAMS or the AAA is unable to handle the Claim for any reason, then the matter shall be arbitrated instead by
a neutral arbitrator selected by agreement of the parties (or, if the parties cannot agree, selected by a court in
accordance with the FAA), pursuant to the AAA rules of procedure.
The arbitrator will decide the Claim in accordance with all applicable law, including recognized principles of
equity and statutes of limitations, and will honor all claims of privilege recognized by law. The arbitrator will have
the power to award to a party any damages or other relief provided for under applicable law. A single arbitrator
will conduct the arbitration and will use applicable substantive law, including the Uniform Commercial Code,
consistent with the FAA and the applicable statutes of limitations or conditions precedent to suit, and will honor
claims of privilege recognized at law. The arbitrator can award damages or other relief provided for by law to you
or us, but not to anyone else. The arbitrator’s authority is limited to the Claims between you and us.
Is the arbitrator’s decision final? Is there an appeal process?
The arbitrator’s decision will be final and binding on the parties. A party can file a written appeal to the
arbitration administrator within 30 days of award issuance. The appeal must request a new arbitration in front of
three neutral arbitrators designated by the same arbitration administrators. The panel will reconsider all factual
and legal issues, following the same rules of procedure, and will make decisions based on majority vote. Any
final arbitration award will be binding on the named parties and enforceable by any court having jurisdiction.
Who will pay for costs?
We will pay any costs that are required to be paid by us under the arbitration administrator’s rules of
procedure. Even if not otherwise required, we will reimburse you up to $500 for any initial arbitration filing fees
you have paid. We will also pay any fees of the arbitrator and arbitration administrator for the first two days of
any hearing. If you win the arbitration, we will reimburse you for any fees you paid to the arbitration organization
and/or arbitrator. All other fees will be allocated according to the arbitration administrator’s rules and applicable
law. If you consider that you are unable to afford any fees that would be yours to pay, you may request that we
pay or reimburse them, and we will consider your request in good faith.
How do I (the customer) file an arbitration claim?
Rules and forms may be obtained from, and Claims may be filed with, JAMS at 620 Eighth Avenue, 34th
Floor, New York, New York 10018, or jamsadr.com; or the AAA at 335 Madison Avenue, Floor 10, New York,
New York 10017, or www.adr.org. Arbitration hearings will take place in the federal judicial district that includes
your address at the time the Claim is filed, unless the parties agree to a different place.
13. Assignment of agreement and successors
This agreement will be binding on your personal representative, executors, administrators, and successors,
and on our successors and assigns.
You may not grant a security interest in, transfer, or assign your account to anyone other than us without our
written consent. No assignment will be valid or binding on us, and we won’t be considered to have “knowledge”
of it, until we consent and the assignment is noted in our records. However, by noting the assignment, we do
not have any responsibility to assure that the assignment is valid. Any permitted assignment of your account is
subject to our setoff rights.
14. Authorization to share information
You authorize us to share information about you and your account with affiliates and third parties, unless
the law or our Privacy Notice prohibits us from doing so. Please see our Privacy Notice for your choices about
information sharing.
15. Referrals
If you request it, our employees may at times provide contact information about third parties, such as lawyers,
accountants, or contractors, who offer products or services to the public. Some of these third parties may be
our customers. We provide this information only as a courtesy and convenience to you and the third party, but
in some cases we may be compensated for a referral. We do not make any warranties or representations about
the third parties or their products or services. If you choose to do business with any third party, that decision is
yours alone, and we are not responsible for the third party’s performance or to help resolve any dispute between
you and the third party. Our employees may also receive compensation when you purchase a Chase product
based on their referral.
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16. Illegal activities
You will not use your account to conduct transactions relating to unlawful internet gambling or any other
illegal activity. We may refuse any gambling transaction, whether lawful or not.
17. Inactive and unclaimed accounts
Each state has laws that govern when accounts are considered inactive or unclaimed, and when we’re
required to send a customer’s funds to the state. We encourage you to make sure your accounts remain active
so you receive regular statements, have the full use of your accounts, and avoid the potential of having your
funds transferred to the state as unclaimed property. We’ll send you a letter in advance if your funds may be
transferred to the state as unclaimed property.
18. Our responsibility to obtain personal information
Federal law requires all financial institutions to obtain, verify, and record information that identifies each
person or business that opens an account. We require the following information or documents as a condition
to your opening an account:
• For a personal account: your name, residential address, date of birth, Social Security number, license and
other identifying documents
• For a business account: your business name, taxpayer identification number, and business address; the
name, residential address, date of birth and Social Security number of each signer, so we can verify the
signer’s identity; and documents to verify the business’s existence.
We may require additional information when or after you open the account to comply with “Know Your
Customer” requirements. We may restrict or close your account if we are unable to obtain information in order
to satisfy our “Know Your Customer” requirements. By opening an account with us, you confirm that neither you
nor any beneficial owner of any account is covered by any sanctions programs administered or enforced by the
U.S. Department of the Treasury, Office of Foreign Asset Control.
19. English language — Other language preferences
The terms of this agreement and the products and services we provide are governed by the English
language. As a courtesy, we make some of our forms, disclosures, and documents, including this agreement,
available in languages other than English. However, many important bank documents, and some products and
services related to this account, are only provided in English. If there is any difference in meaning between the
English and non-English version of any of our documents, the English version will apply to your accounts and is
available upon request.
SUBSTITUTE CHECKS AND YOUR RIGHTS
What is a substitute check?
To make check processing faster, federal law permits banks to replace original checks with “substitute
checks.” These checks are similar in size to original checks, with a reduced image of the front and back of the
original check. The front of a substitute check states: “This is a legal copy of your check. You can use it the same
way you would use the original check.” You may use a substitute check as proof of payment just like the original
check.
Some or all of the checks that you receive back from us may be substitute checks. This notice describes
rights you have when you receive substitute checks from us. The rights in this notice do not apply to original
checks or to electronic debits to your account. However, you have rights under other law with respect to those
transactions.
What are your rights as a consumer regarding substitute checks?
In certain cases, federal law provides a special procedure that allows you to request a refund for losses
you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong
amount from your account or that we withdrew money from your account more than once for the same check).
The losses you may attempt to recover under this procedure may include the amount that was withdrawn from
your account and fees that were charged as a result of the withdrawal (for example, Insufficient Funds fees).
The amount of your refund under this procedure is limited to the amount of your loss or the amount of the
substitute check, whichever is less. You also are entitled to interest on the amount of your refund if your account
is an interest-bearing account. If your loss exceeds the amount of the substitute check, you may be able to
recover additional amounts under other law.
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If you use this procedure, you may receive up to $2,500 of your refund (plus interest if your account earns
interest) within 10 business days after we receive your claim and the remainder of your refund (plus interest if
your account earns interest) no later than 45 calendar days after we receive your claim.
We may reverse the refund (including any interest on the refund) if we later are able to demonstrate that the
substitute check was correctly posted to your account.
How do you make a claim for a refund?
If you believe that you have suffered a loss relating to a substitute check that you received and that was
posted to your account, please contact us at the phone numbers listed on the back cover.
You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a means
to which you agreed) the substitute check in question or the account statement showing that the substitute
check was posted to your account, whichever is later. We will extend this time period if you were not able to
make a timely claim because of extraordinary circumstances.
Your claim must include:
• A description of why you have suffered a loss (for example, you think the amount withdrawn
was incorrect);
• An estimate of the amount of your loss;
• An explanation of why the substitute check you received is insufficient to confirm that you suffered a loss;
and
• The following information to help us identify the substitute check: the check number, the name of the person
to whom you wrote the check, and the amount of the check.
ELECTRONIC FUNDS TRANSFER SERVICE TERMS
We provide a variety of electronic funds transfer (EFT) deposit account services. These include all transfers
resulting from debit cards, ATM cards, electronic payments, credits and transfers, telephone transfers, and
online banking transactions. We may issue you an access device, such as a card, code, or other means of
accessing your account to initiate EFTs. Our business days for conducting EFT services are all days except
Saturdays, Sundays, and federal holidays.
A. TYPES OF EFT SERVICES
1. ATM and Debit Cards
As a condition of opening certain checking accounts, you agree that we may automatically issue you a
Chase debit card. However, activating the debit card is not required to keep your checking account open. If you
do not select a personal identification number (PIN) when you open your account, we will send you a randomly
generated four-digit PIN. We may deactivate any temporary ATM card when you activate your debit card.
You can use your ATM card or debit card (either is called a “Card”) as follows:
At ATMs to:
• Withdraw cash;
• Transfer funds;
• Find out balances;
• Make deposits;*
• Make payments to qualifying Chase credit cards and loans;*
• Obtain a copy of recent account activity.*
Please note: Services marked with an asterisk (*) are only available at Chase-branded ATMs, and all
services may not be available at all Chase-branded ATMs. Services are available only for designated accounts
linked to your Card. When linking multiple accounts to your Card, one checking account and one savings
account will be designated as primary.
We also offer cards with limited functions for your deposit accounts, such as deposit-only business cards
and prepaid cards that can be linked to a checking or savings account. Subject to the limited functions provided
for each card, limited-function cards are also considered “Cards” under this Agreement.
A non-Chase ATM may only be used if in a participating network, and on those networks your primary
checking and savings accounts are accessible, and other linked accounts may be accessible. Outside the
U.S., only your primary checking account is generally accessible. We may charge a Non-Chase ATM fee. For
transactions performed by the same card at the same terminal within a 15 minute time period, balance inquiries
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and account transfers will not incur a fee if done in conjunction with a withdrawal. If only transfers and inquiries
are performed, only one non-Chase ATM fee will be charged. In addition, non-Chase ATMs may impose
an additional charge. If you have questions regarding whether a certain ATM or EFT network will process a
transaction, call or write us.
At certain Chase branches to:
• Make deposits, withdraw cash, and make payments with assistance from a bank employee without counter
slips where you enter your transaction request on an electronic terminal; and
• Make deposits, withdraw cash, make payments, and conduct other banking transactions without counter
slips at Express Banking kiosks, which offer expanded services over traditional ATMs, but branch staff is
also available to assist with transactions and review deposited items.
At participating merchants to:
• Purchase goods and services. Purchases are subtracted from your primary checking account. If you have
arranged with your merchant to pay for your purchases via periodic payments, you must notify the merchant
if your card number or expiration date has changed or your Card or account is closed. In addition, we may
provide the merchant or the participating network your new account number or expiration date (or both).
• Withdraw cash from your primary checking account while making a purchase of goods or services if
permitted by the merchant.
At participating financial institutions to:
• Obtain a teller cash withdrawal. Withdrawals are subtracted from your primary checking account. You will
be charged a Non-ATM Cash fee.
2. Payments, Credits, and Transfers
You can send or receive electronic transfers from or to your accounts. We may do this by ACH (as a member
of a national or local automated clearinghouse association) or other similar networks. Electronic transfers may
take various forms, such as:
• Automatic electronic deposits to your account, such as payroll or benefits payments;
• Automatic one-time or repeating charges to your account for bill payments, sent by a merchant or other
payee with your authorization. The merchant or payee may ask you for bank number and account information
from your check or a canceled check to create these orders;
• A “check conversion” transfer, where a merchant or other payee uses a check that you have written to
create an electronic transfer from your account. The merchant may either keep the check you wrote or
return it to you.
3. Online Banking and Mobile Banking
You may use online banking or Mobile Banking to view your account information, make deposits, transfer
funds between your Chase accounts, pay qualifying Chase loans or credit cards, or make payments from your
checking account to third parties. Enroll for these services on our website, www.chase.com. You must agree to
the additional disclosures and specific terms for using the online banking services provided when you enroll.
4. Telephone Banking
You may use our automated customer service system or speak to a telephone banker to get your account
information, transfer funds between your accounts with us, or pay qualifying Chase loans or credit cards. You
must have a valid deposit or loan account and a valid password or PIN to use the automated system. Business
account holders may also use a valid taxpayer identification number (TIN).
5. Overdraft Protection Transfers
Transfers to and from your accounts for Overdraft Protection are also subject to these terms.
B.IMPORTANT INFORMATION AND AGREEMENTS ABOUT YOUR ATM OR DEBIT CARD
1. Authorizations
Most merchants ask us to authorize your purchase. We may authorize or refuse to authorize a transaction
based on a different amount than the authorization request, because some merchants (such as “pay at the
pump” for fuel) request authorization for an amount that is unrelated to the actual amount of the purchase.
2. Holds
When we give authorization to a merchant, we will reserve or place a hold on funds in your account,
generally for 3 business days, to pay for your purchase. However, for some types of purchases we may place
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a hold for a longer period. There are times – for example, at restaurants or for gas purchases, car rentals or
hotels – that merchants won’t know the exact amount of your purchase when they request the authorization.
If the authorization is more or less than your actual purchase amount, the hold may remain even after your
purchase amount is paid from your account. The purchase amount will be paid from your account whenever the
merchant sends it to us, even if that is after the hold has expired.
3. Overdrafts
For personal accounts, unless you have notified us that you DO want us to pay debit card overdrafts at our
discretion, we generally won’t authorize a non-repeating (“everyday”) debit card transaction if your available
account balance isn’t enough to pay that transaction. If a transaction overdraws your account, we will assess
fees described in the General Account Terms and the fee schedule.
We will charge a fee for any item presented on a business day when your account is overdrawn, whether
we pay the item or not. If we pay it, we will charge an Insufficient Funds fee. If we return it, we will charge a
Returned Item fee. For personal accounts, we will only charge an Insufficient Funds fee for an everyday debit
card transaction if you have notified us to pay debit card overdrafts. For business accounts, we will charge an
Insufficient Funds fee for an everyday debit card transaction unless you have notified us not to pay debit card
overdrafts.
4. Returning or Canceling Your Card
You must return the Card if we request that you do so. We may cancel your Card at any time without notice.
You may cancel your Card by calling us. If you do, please destroy the Card.
5. Our Right to Refuse Transactions
We can refuse to authorize any transaction when your Card has been reported lost or stolen or when we
reasonably believe there is potentially fraudulent, suspicious, or illegal activity on your account.
6. Foreign Exchange Transactions
The exchange rate applied to Card transactions that occur in a different currency will be either:
• a rate selected by the network that processes the transaction from the range of rates available in wholesale
currency markets for the date it processes the transaction (this rate may be different than the rate the
network receives); or
• the government-mandated rate in effect for the date the network processes the transaction.
This exchange rate may differ from the rate on the date you used your Card. We will add an Exchange Rate
Adjustment fee to the amount the network charged us for foreign currency transactions.
7. Debit or Credit?
A merchant may ask you if your debit card purchase is “Debit or Credit.” You have two choices. In both
instances your purchase will be subtracted directly from your checking account.
• If you choose debit: Select “Debit” or “ATM,” and you must enter your PIN.
• If you choose credit: Select “Credit” and sign the receipt if required. For some small dollar purchases
and when you pay at the gas pump, you may not need to provide a signature.
8.ATM Safety and Safeguarding Your Account Information
Be safe at ATMs – Your safety is our chief concern. We advise you to always use common sense and be
aware of your surroundings before, during and after any ATM use. Here are some additional tips:
• Choose an ATM that is well lit.
• If an ATM looks unusual or altered, don’t use it. If you suspect the ATM isn’t working properly, cancel the
transaction and find another machine.
• At a walk-up ATM, minimize transaction time by having your Card ready to use. At a drive-up ATM, keep your
car engine running and lock your doors.
• Stand between the ATM and anyone waiting to use the machine, so others can’t see your PIN or the
transaction amount.
• As soon as your transaction is complete, remember to remove your Card from the ATM, and then put away
your money, receipt, and Card.
• Contact the police or a security officer if you see any suspicious activity at the ATM. If you think you’re being
followed from an ATM, go to a busy area and immediately contact the police.
Keep your debit or ATM Card PIN confidential – Never give your PIN to anyone, don’t write it down
anywhere, and avoid carrying it with you. In addition, to keep your Card information safe, you should do
23
the following:
• Change your PIN from time to time and choose a PIN that others can’t easily figure out. For example, don’t
use your birthday or telephone number.
• To change your PIN (or if you forget your PIN), visit any branch.
• A Chase employee will never ask you for your PIN or the numbers on the back of your Card.
Protect your Card as you would a credit card or cash.
Report a lost or stolen Card immediately – You must notify us immediately if your Card is lost or
stolen, or if you discover any other error. The sooner you report a problem, the sooner we can take precautions
to ensure your Card isn’t misused.
C.LIMITATIONS ON TRANSFERS, AMOUNTS, AND FREQUENCY OF TRANSACTIONS
• To protect your accounts, there are daily dollar limits for ATM withdrawals and Card purchases, even if your
available balance is higher than the daily dollar limit. However, we may allow transactions that exceed your
limit. Your Card limits were provided to you when you received your Card. We may change your limits, and
will notify you if we do so. If you don’t know your limits or would like to change these limits, please call us. If
we suspect fraud on your account, we may temporarily lower your limits without notice.
• Withdrawals from your savings account are limited. For further information, see the section entitled “Limits
on savings account withdrawals” in the General Account Terms.
• Card access to your account will be suspended if we consider your account to be inactive or dormant, and
may be suspended if we suspect that your Card may have fraudulent activity or for any other reason where
we believe there is a risk to you or us.
• When you use an Express Banking kiosk located inside a branch during the branch’s posted operating
hours, your daily dollar limit for withdrawals is $2000, which is in addition to your ATM daily dollar limit
for withdrawals (separate daily limits do not apply to Privileges and Associates cards). When you make a
withdrawal from an Express Banking kiosk at any other time, the amount is included in your ATM daily dollar
limit for withdrawals.
D. RECEIPTS AND STATEMENTS
You will receive or have the option to receive a receipt at ATMs, Express Banking kiosks, teller stations
where you initiate transactions using an electronic screen, and merchant locations each time you make a
transaction. However, for certain small dollar transactions at merchant locations, you may not receive a receipt.
You will receive monthly statements if you have an electronic funds transfer in that month. If you do not, you
will receive at least quarterly statements, unless your account is considered inactive.
If you receive direct deposits to your account, you can use online banking or an ATM, or call us at the
telephone number on the back cover to determine if the deposit has been made.
E. IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR ELECTRONIC FUNDS TRANSFERS
Call or write us at the telephone number or address on the back cover if you think your statement or receipt
is wrong, or if you need more information about a transaction listed on the statement or receipt.
For personal accounts only, the following procedures apply:
We must hear from you NO LATER than 60 days after we sent you the FIRST statement on which the error
appeared. Please provide us with the following:
• Your name and account number;
• A description of the error or the transfer you are unsure about, and an explanation why you believe it is an
error or want more information;
• The dollar amount of the suspected error.
We will determine whether an error occurred within 10 business days after we hear from you and will
correct any error promptly. However, if we need more time, we may take up to 45 days to investigate your
complaint or question. If we do this, we will credit your account within 10 business days for the amount you think
is in error, so that you will have the use of the money during the time it takes us to complete our investigation.
If your account was opened less than 30 days prior to the date of the suspected error, the 10-business-day
period is extended to 20 business days. If your account was opened less than 30 days prior to the date of the
suspected error or the transaction occurred at a point-of-sale location or outside the U.S., the 45-day period is
extended to 90 days.
If you call us, we may require that you send us your complaint or question in writing within 10 business days.
If we do so and do not receive it within 10 business days, we may not credit your account.
24
We will tell you the results within 3 business days after completing our investigation. If we decide that there
was no error, we will send you a written explanation. You may ask for copies of the documents that we used in
our investigation.
For business accounts, our practice is to follow the procedures described above, but we are not legally required
to do so.
F.OUR LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS
If we do not complete a transaction from your personal account on time or in the correct amount, we will be
liable for your losses or damages. But there are exceptions. For example, we will not be responsible if:
• Due to no fault of ours, your account does not have sufficient funds to make the transaction;
• The ATM where you are making a withdrawal does not have enough cash;
• The ATM was not working properly and you knew about the breakdown when you started the transaction;
• Circumstances beyond our control (such as fire or flood) prevent the transaction and we took reasonable
precautions;
• For preauthorized credits, third party data was not received, is incomplete or erroneous, or if the recipient
is deceased;
• We consider your account to be inactive or dormant.
We are not liable for failure to complete a transaction on a business account if we send you notice that the
transaction was not completed.
G.STOP PAYMENT FOR PREAUTHORIZED (REPEATING) TRANSFERS
If you have arranged, in advance, to make repeating payments out of your personal account, you can stop
any of those payments.
1. P
lease visit your local Chase branch or call us at the telephone number listed on the back cover.
(Note: If the preauthorized transfer was scheduled through our online banking services, see your
Online Service Agreement or call Online Banking Customer Service at the telephone number on the
back cover for information on stopping payments that are pending or in process.)
2. Y
ou must give us the exact account number and the exact name of the payee. In addition, you must
provide the exact amount of the payment, a range of amounts, or an instruction to block all payments
from the named payee. You must also notify the payee that you have withdrawn your authorization for
the repeating electronic payments. If you see that a payment for a different amount or for a different
payee than the stop payment you originally placed is listed as a “Pending” transaction, contact us
before the end of the business day, so that we may attempt to stop the payment of the transaction.
Please Note: If you see a pending ACH transaction(s) and you have not already placed a Stop
Payment request for that amount and payee, you may request a stop payment for that item as long as
the request is made before the end of the business day and the item has not posted to your account.
3. Generally, upon receipt of the stop payment instructions, your request will be processed immediately.
4. Y
our stop payment is effective for a minimum of 18 months or until we have determined that the ACH
transaction is no longer occurring, whichever is longer.
5. A
Stop Payment fee may apply.
If these regular payments vary in amount, the payee will tell you, 10 days before each payment, when it will
be made and how much it will be. You may choose to get this notice from your payee only when the payment
would differ by more than a certain amount from the previous payment, or when the amount would fall outside
certain limits that you set.
If you place a stop payment three or more business days before the transfer is scheduled, and we still pay,
we will be responsible for your losses or damages.
H.DISCLOSURE OF ACCOUNT INFORMATION TO THIRD PARTIES
Information about your account or the transfers you made will be disclosed to third parties:
• As necessary to complete transactions;
• In connection with the investigation of any claim you initiate;
• To comply with government agency, arbitration or court orders;
• With your written permission;
• As permitted by our Privacy Notice.
Our Privacy Notice was delivered to you at the time your account was opened. It is also available
on www.chase.com.
25
I. NOTICE OF YOUR RIGHTS AND LIABILITIES
For personal accounts only:
Tell us AT ONCE if you believe your Card, PIN, or code has been lost or stolen. Calling us is the best and
fastest way of keeping your possible losses to a minimum. If you tell us within two business days, you can lose
no more than $50.00 if someone used your Card, PIN, or code without your permission. If you do NOT tell us
within two business days after you learn of the loss or theft of your Card, PIN, or code and we can prove we
could have stopped the unauthorized transactions if you had told us, you could lose as much as $500.00. If your
statement shows electronic funds transfers that you did not make, tell us at once. If you do not tell us within 60
days after the statement was sent to you, you may not get back any money you lost after the 60 days if we can
prove that we could have prevented the transactions if you had told us in time.
If a good reason (such as a long trip or a hospital stay) kept you from telling us, let us know. We will extend
the time periods.
Special Provisions for Card Transactions (Zero Liability protection):
If your Card is lost or stolen, or your Card number is used without your authorization, if you notify us
promptly, you are not liable for any unauthorized transactions, including transactions made at merchants, over
the telephone, at ATMs, or on the Internet.
However, these special provisions do not apply where you were grossly negligent or fraudulent in the
handling of your account or Card, where you have given someone else your Card, Card number, or PIN, or
where you delay reporting unauthorized transactions for more than 60 days.
For business accounts only: You agree
1. To assist us in the investigation and prosecution of claims for unauthorized transactions by completing
the appropriate statements and reports reasonably requested by us;
2. To notify us promptly in writing of any user of a Card who is no longer employed by you or authorized
to conduct business on your behalf;
3. That by allowing anyone to use your Card, you will be responsible for all authorized and unauthorized
transactions made;
4.That all of the provisions of the Deposit Account Agreement, including liability limitations and
requirements that you give us prompt notice of unauthorized items, apply to your EFT services.
J. FEES
Fees for all EFT services are disclosed in our fee schedule and product information.
K.SERVICES NOT COVERED BY THIS PART; SEPARATE AGREEMENTS
For personal accounts, EFT services described in these Electronic Funds Transfer Service Terms do
not include wire transfers or any transactions that are not covered by Consumer Financial Protection Bureau
Regulation E.
For business accounts, wire transfers and other services not specifically described in this disclosure are
governed by the General Account Terms or by separate agreements.
We may offer EFT services besides those described in the EFT Terms that have separate agreements and
disclosures.
ACCOUNT ALERTS AND CHASE MOBILE®
If you receive or otherwise use Account Alerts or Chase Mobile, you agree to the following terms. If you
are enrolled in online banking, the terms of the Online Service Agreement control the terms of these services
instead.
• We may use a telephone number, e-mail address, or other delivery location we have in our records for you
or such other contact information as you may provide to us for these services so we can send you certain
information about your account.
• We will send Account Alerts or Chase Mobile messages through your communication service provider,
who will act as your agent and deliver them to you. Delivery of alerts may be delayed for various reasons,
including service outages affecting your phone, wireless, or Internet provider; technology failures; and
system capacity limitations.
• There is no charge from Chase for the Account Alerts or Chase Mobile, but message and data rates
may apply. Such charges include those from your communication service provider. Message
frequency depends on user preferences. To cancel the Chase Mobile text messaging services,
26
send STOP to 24273 at any time. For help or information on the Chase Mobile text messaging
services, send HELP to 24273. For assistance with these services, contact customer service at
1-877-242-7372.
• Account Alerts and Chase Mobile are provided for your convenience and do not replace your monthly
account statements, which are the official records of your accounts. Anytime you review your balance,
keep in mind it may not reflect all transactions, including recent debit card transactions or checks you have
written.
• You understand we may not encrypt information when it is sent to you through these services. This
information may include personal or confidential information about you, such as account activity or the
status of your account. For phone Account Alerts, information may be delivered to voicemail or answering
machines if nobody answers the phone.
You understand we are not liable for losses or damages from any disclosure of account information to third
parties, non-delivery, delayed delivery, misdirected delivery, or mishandling of, or inaccurate content in, Account
Alerts or the account information sent through Chase Mobile. You have to have an eligible account to activate
and use the Chase Mobile text messaging service; once it is activated, you may have access to other types of
accounts as well.
If we suffer a loss, cost, or expense because you provide an incorrect telephone number, e-mail address or
other delivery location or you violate applicable laws, you have to pay that amount to us.
FUNDS AVAILABILITY POLICY
General Policy:
For all accounts other than Chase Analysis Business Checking (with or without Interest): Wire transfers,
electronic direct deposits, and cash deposits made with a banker or at an ATM will be available on the day we
receive your deposit. Except as described later in this policy, when you make other deposits, the funds are
available on the first business day after the day we receive your deposit. Available funds may be withdrawn in
cash or used to pay checks and other items.
For Chase Analysis Business Checking (with or without Interest):
Same-day availability: Wire transfers, electronic direct deposits, and cash deposits made with a banker
or at an ATM will be available on the day we receive your deposit.
Next business day availability: Funds from the following deposits are available on the first business day
after the day we receive your deposit:
• U.S. Treasury checks that are payable to you;
• Checks drawn on us.
If you make the deposit in person to one of our employees, funds from the following deposits are also
available on the first business day after the day we receive your deposit:
• State and local government checks that are payable to you, if you use a special deposit slip available
at any branch upon request;
• Cashier’s, certified, and teller’s checks that are payable to you, if you use a special deposit slip
available at any branch upon request;
• Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders that are
payable to you.
Second business day availability: Funds from all other deposits are available no later than the second
business day after the day we receive your deposit. Available funds may be withdrawn in cash or used to pay
checks and other items.
When Your Deposit Is Received:
If you make a deposit with a teller at one of our branches on a business day, we will consider that day to be
the day of your deposit. If you make a deposit on a business day before our cutoff times at a Chase ATM, we will
consider that day to be the day of your deposit. However, if you make a deposit on a day that is not a business
day, or make an ATM deposit after the ATM cutoff time, we will consider the deposit to have been made on the
next business day.
• For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays,
and federal holidays.
27
• For deposits and transfers at most ATMs, the cutoff time is 11 p.m. Eastern time. For ATMs with an earlier
cutoff, the ATM screen will notify you of the cutoff time.
• Deposits placed in a night depository are considered received when we remove them from the night
depository. We will remove deposits no later than the next business day.
• Branches in some locations may be closed on business days in observance of a state holiday or because of
an emergency, and deposits made at a night depository when those branches are closed will be considered
received on the next business day when the branch is open.
• All deposits made by mail and addressed to Chase without using a specific branch name and street
address will be considered received by the Chase-By-Mail facility in Louisville, Kentucky as of the date
such deposit is received by that facility.
Longer Delays May Apply:
For all accounts other than Chase Analysis Business Checking (with or without Interest): In some cases,
we may not make all of the funds that you deposited by check available by the first business day after the day of
your deposit. Funds may not be available until the second business day after the day of your deposit. However,
at least the first $200 of these deposits will be available on the first business day after the day of your deposit. If
you will need the funds from a deposit right away, you should ask us when the funds will be available, but further
review may still result in delayed availability.
For all accounts: Funds you deposited by check may be delayed for longer than two business days under
the following circumstances:
• We believe a check you deposited will not be paid;
• You deposited checks totaling more than $5,000 in any one day;
• You redeposited a check that has been returned unpaid;
• You have overdrawn your account repeatedly in the last six months; or
• There is an emergency, such as failure of communications or computer equipment.
If we delay availability for one of these reasons, funds may not be available until the seventh business day
after the day of your deposit.
If your deposit is not made directly to one of our employees and we decide to delay your ability to withdraw
funds, we will mail you a deposit hold notice by the business day after we receive your deposit. If we decide
to delay availability of your funds after you complete your deposit, we will mail you a deposit hold notice by the
business day after we decide to take that action.
Special Rules for New Accounts:
If you are a new account customer, the following special rules may apply during the first 30 days your
account is open:
• Funds from deposits of the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s,
and federal, state, and local government checks will be available on the first business day after the day of
your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The
excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit
of these checks (other than U.S. Treasury checks) is not made in person to one of our employees, the first
$5,000 will not be available until the second business day after the day of your deposit; and
• Funds from all other check deposits will be available no later than the 15th business day after the day of
your deposit.
Holds on Other Funds:
If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding
amount of funds that are already in your account. Those funds will be available at the time funds from the check
we cashed would have been available if you had deposited it.
28
PRIVACY NOTICE
Rev. October 2012
FACTS
WHAT DOES CHASE DO WITH YOUR PERSONAL INFORMATION?
Why?
Financial companies choose how they share your personal information. Federal law gives
consumers the right to limit some but not all sharing. Federal law also requires us to tell you
how we collect, share, and protect your personal information. Please read this notice carefully to
understand what we do.
What?
The types of personal information we collect and share depend on the product or service you
have with us. This information can include:
n Social
Security number and income
n account balances and transaction history
ncredit history and payment history
How?
All financial companies need to share customers’ personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their customers’
personal information; the reasons Chase chooses to share; and whether you can limit this
sharing.
Reasons we can share your personal information
Does Chase
Share?
Can you limit
this sharing?
For our everyday business purposes – such as to process your
transactions, maintain your account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes
No
For our marketing purposes –
to offer our products and services to you
Yes
No
For joint marketing with other financial companies
Yes
No
For our affiliates’ everyday business purposes –
information about your transactions and experiences
Yes
No
For our affiliates’ everyday business purposes –
information about your creditworthiness
Yes
Yes
For our affiliates to market to you
Yes
Yes
For non affiliates to market to you
Yes
Yes
To limit our
sharing
Call 1-888-868-8618 - our menu will prompt you through your choice(s) or
Visit us online: www.chase.com
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent
this notice. When you are no longer our customer, we continue to share your information as
described in this notice.
n
n
However, you can contact us at any time to limit our sharing.
Questions?
Call 1-888-868-8618
29
Page 2
Who we are
Who is providing this
notice?
The JPMorgan Chase & Co. family of companies. A partial list of its U.S. consumer
financial companies is located at the end of this document.
What we do
How does Chase protect
my personal information?
To protect your personal information from unauthorized access and use, we use
security measures that comply with federal law. These measures include computer
safeguards and secured files and buildings. We authorize our employees to get your
information only when they need it to do their work, and we require companies that
work for us to protect your information.
We collect your personal information, for example, when you
n open an account or make deposits or withdrawals from your account
n pay your bills or apply for a loan
n use your credit or debit card
We also collect your personal information from others, such as credit bureaus,
affiliates, or other companies.
How does Chase collect
my personal information?
Why can’t I limit all
sharing?
Federal law gives you the right to limit only
n s
haring for affiliates’ everyday business purposes – information about your
creditworthiness
n affiliates from using your information to market to you
n sharing for non affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
See below for more on your rights under state law.
What happens when I limit
Your choices will apply to everyone on your account.
sharing for an account I hold
jointly with someone else?
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and
non financial companies.
Our affiliates include companies with a Chase or JPMorgan name and
financial companies such as J.P. Morgan Securities LLC.
n Non affiliates
Companies not related by common ownership or control. They can be financial and
non financial companies.
Non affiliates we share with can include companies such as retailers, auto
dealers, auto makers and membership clubs
n Joint marketing
A formal agreement between nonaffiliated financial companies that together
market financial products or services to you.
Our joint marketing partners include categories of companies such as
insurance companies
n Other important information
State Laws:
VT: Accounts with a Vermont mailing address are automatically treated as if they have limited the sharing as described on
page 1. For joint marketing, we will only disclose your name, contact information and information about your transactions.
NV: We are providing you this notice pursuant to Nevada law. If you prefer not to receive marketing calls from us, you
may be placed on our Internal Do Not Call List by calling 1-800-945-9470, or by writing to us at P.O. Box 659752, San
Antonio, TX 78265-9752.
For more information, contact us at the address above, or email [email protected], with “Nevada
Annual Notice” in the subject line. You may also contact the Nevada Attorney General’s office: Bureau of Consumer
Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101;
telephone number: 1-702-486-3132; email [email protected]
CA: Accounts with a California mailing address are automatically treated as if they have limited the sharing with non
affiliates as described on page 1. CA residents are provided a CA notice for additional choices.
Who is providing this notice?
JPMorgan Chase Bank, N.A.
J.P. Morgan Securities LLC.
Chase Insurance Agency, Inc.
Chase Bank USA, N.A.
Chase Bankcard Services, Inc.
Separate policies may apply to customers of certain businesses, such as J.P. Morgan’s Private Bank or Private Wealth
Management.
30
HOW TO CONTACT US
Personal Accounts: Main phone number: 1-800-935-9935
Spanish: 1-877-31CHASE (1-877-312-4273)
Business Accounts:
Main phone number: 1-800-CHASE38 (1-800-242-7338)
Spanish: 1-888-622-4273
Deaf and Hard of Hearing: Operator relay calls: 1-800-CHASETD (1-800-242-7383)
and all other Chase numbers
Direct TDD/TTY calls: 1-800-CHASETD (1-800-242-7383)
International Calls:
1-713-262-1679
Web Site: Chase.com
Addresses: JPMorgan Chase Bank, N.A.
P.O. Box 659754
San Antonio, TX 78265-9754
If you believe your debit card has been lost or stolen, or for information about purchase
and ATM transactions, call us at the telephone numbers listed here or write:
Chase
PO Box 659809
Internal Mail TX3-7849
San Antonio, TX 78265-9109
In case of errors or questions about your electronic funds transfers (EFT): 1-866-564-2262.
CATALOG #REDAA314.
EFFECTIVE 3/23/2014
© 2014 JPMorgan Chase Bank, N.A. Member FDIC

– Important Notices Deposit Account Agreement

Transcription

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